Duke Energy Corporation - DUK STOCK NEWS

Duke Energy (NYSE: DUK) reported its third-quarter 2021 financial results on November 4, 2021. The company, which serves 7.9 million electric customers and 1.6 million natural gas customers, is committed to significant clean energy initiatives, aiming for a 50% carbon reduction by 2030 and net-zero emissions by 2050. Duke is a leader in renewable energy, planning to own or purchase 16,000 megawatts of renewable capacity by 2025. The earnings report and investor presentation are accessible on their website.

Duke Energy initiates a monthlong campaign to combat food insecurity in South Carolina, donating nearly $250,000 to around 50 feeding programs before Thanksgiving. The funds will help FoodShare South Carolina distribute over 63,000 pounds of fresh produce through 4,200 family food boxes. Each box, valued at $20-$30, is available for just $10 or $5 via SNAP. Duke Energy's philanthropic efforts support community organizations and aim to alleviate hunger, with a commitment to volunteerism from employees throughout November.

Duke Energy (NYSE: DUK) has introduced a new Sustainable Financing Framework aimed at attracting billions in investments for green and social projects, driving its clean energy transition. This initiative strengthens the company's commitment to sustainable financing, broadening eligible investments aligned with its ESG priorities. Since 2018, Duke has issued $2.3 billion in green bonds. The company aims to reduce carbon emissions from electricity generation by at least 50% by 2030 and reach net-zero emissions by 2050, focusing on renewable energy, grid technology, and diversity in supplier opportunities.

Duke Energy Foundation announced $170,000 in nature grants to support environmental initiatives across North Carolina. Since 2015, it has funded over $7 million in nature grants, partnering with organizations to protect natural resources. This year’s grants include funding for programs by the Nature Conservancy, North Carolina Wildlife Federation, and others aimed at enhancing community access to nature and improving climate resilience. Duke Energy remains committed to environmental stewardship as part of its clean energy transition.

Honeywell (NASDAQ: HON) has unveiled a groundbreaking flow battery technology designed for renewable energy storage, enhancing the use of wind and solar power. This innovative battery utilizes a non-flammable electrolyte, providing up to 12 hours of energy discharge, outpacing traditional lithium-ion batteries. Set to be tested by Duke Energy in 2022, this technology aims to reduce reliance on fossil fuels, aligning with Duke's clean energy targets of a 50% carbon emissions reduction by 2030. Industry forecasts predict a $13.7B market for long-duration energy storage by 2030.

Duke Energy (NYSE: DUK) has declared a quarterly cash dividend of $0.985 on its common stock, payable on Dec. 16, 2021, to shareholders of record by Nov. 12, 2021. Additionally, a dividend of $359.375 per share on its Series A preferred stock will also be paid on the same date. This marks the company's commitment to returning value to shareholders, having paid dividends consecutively for 95 years. Duke Energy is focused on a clean energy strategy aimed at reducing carbon emissions by 50% by 2030 and achieving net-zero emissions by 2050.

Duke Energy has declared November 1 as its inaugural Power Plant Worker Appreciation Day to honor the contributions of its 8,500 power plant workers. These workers operate 355 power plants across 23 states, generating a diverse energy mix including hydro, coal, nuclear, natural gas, and renewable sources. Duke Energy aims to raise awareness about the essential role these workers play in providing electricity and supporting local communities, especially during critical times like the pandemic. The company is committed to a 50% carbon reduction by 2030 and achieving net-zero carbon emissions by 2050.

Duke Energy (NYSE: DUK) has been recognized as the top U.S. utility for investor transparency in 2021, according to an independent review by Labrador. The company ranks 7th among all S&P 250 firms based on the quality and completeness of its financial disclosure documents. For the third consecutive year, Duke Energy has been in the Top 20 for corporate transparency, emphasizing its commitment to providing clear and comprehensive information to stakeholders. The evaluation took into account four transparency pillars: accessibility, precision, comparability, and availability.

Duke Energy Foundation has awarded $190,000 in grants to 17 environmental initiatives in Indiana, focusing on projects aimed at enhancing water quality, conservation, and habitat restoration. This funding is part of a larger commitment, with a total of $946,000 granted over the last five years. Notable projects include the Blue River Community Foundation's $20,000 grant for a linear park and various tree planting initiatives across the state. Duke Energy emphasizes its commitment to environmental stewardship and community engagement.